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MACHINIST - CMI FPE Ltd to supply Cold Rolling Mill Complex to Kam Industries (Nigeria) Ltd

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Home arrow Business News arrow CMI FPE Ltd to supply Cold Rolling Mill Complex to Kam Industries (Nigeria) Ltd

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CMI FPE Ltd to supply Cold Rolling Mill Complex to Kam Industries (Nigeria) Ltd
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Written by Vijay   
Wednesday, 25 May 2011

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Mumbai: CMI FPE Ltd. has entered into an agreement with Kam Industries (Nigeria) Limited for the supply of a Cold Rolling Mill Complex suitable for 1000 mm wide steel strips.

This complex will be dedicated to thin gauge, cold rolled and metal coated production for construction and industrial applications and will be commissioned in the year 2012.

The cold rolling mill complex consists of a 6-hi single stand reversing cold rolling mill, a push-pull pickling line, a wet flux continuous galvanising line, a HR slitting line, a rewinding cum trimming line, two cut to length lines and four barrel type corrugation machines.

"This order reconfirms that, notwithstanding CMI FPE's growth in the Indian market, we continue to be a preferred supplier of equipment for value added steel complexes in the African market. For the record, CMI FPE Ltd. has supplied in the past equipment in Egypt, Ethiopia, Kenya, Morocco, Nigeria, Togo, Tunisia, Uganda and South Africa," said Jean-Marc Kohlgruber, President of CMI Industry and Chairman of CMI FPE Ltd.

The company's total income increased from  Rs 40,189.33 lakhs in 2009-10 to Rs 44,061.25 lakhs in 2010-11.

At the meeting of the Board of Directors of the Company held on May 24, 2011, Jean-Marc Kohlgruber, the Chairman of the Company, announced that Raman Madhok, Managing Director of the Company has tendered his resignation as Managing Director and Director of the Company effective from the close of working hours on August 23, 2011.

The Board has recommended a dividend of Rs. 10/- per equity share of the face value of Rs. 10/- for the financial year ended March 31, 2011 and also a Special Silver Jubilee Dividend of Rs. 10/- per equity share of the face value of Rs. 10/-, as the Company completes its twenty five years of existence, subject to the approval of Shareholders at the ensuing Annual General Meeting.

The Board of Directors approved the Re-designation of Jean Gourp as the Managing Director of the Company. Jean Gourp is presently Deputy Managing Director of the Company and he will take over the charge as Managing Director w.e.f. August 24, 2011. 

CMI FPE has two workshops at Taloja (25,000 m2) and Silvassa(28,000 m2) that can handle equipments up to 150 MTS.

Flat Product Equipments (India) Limited was incorporated in 1986, promoted by Late Dr. T R Mehta. The Belgian Group CMI (Cockerill Maintenance & Ingénierie) completed the acquisition of Flat Products Equipments (India) Limited on June 25, 2008 and renamed it to CMI FPE Limited.

FPE was involved in the design, manufacture, erection and commissioning of Cold Rolling Mill Complexes and Auxiliary Equipments for the Cold Rolling Industry and the Metal Processing Industry.

CMI FPE is the Indian hub of CMI Industry, a supplier of global solutions for Cold Rolling Mill complexes. It has developed a wide range of technologies in the field of processing lines, rolling mills, thermal and chemical processes.

CMI Industry is part of CMI Group, a Belgium-based international supplier specialized in the conception, modernization and maintenance of equipment in the Energy, Defence and Industry markets. CMI employs over 3,300 people across the world (France, Luxembourg, Belgium, Germany, Brazil, China, the United States, India and Russia).

 
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